One of the longest-running trade sagas in recent NHL history has finally reached its conclusion. The Ottawa Senators have acquired defenseman Jakob Chychrun from the Arizona Coyotes, per a team announcement. In exchange for the star defenseman, the Coyotes are receiving a 2023 first-round pick, a conditional 2024 second-round pick (originally acquired from the Washington Capitals) and a 2026 second-rounder.
There are some conditions in this deal to untangle. The 2023 first-rounder is top-five protected, meaning if the pick lands inside the top-five of the draft, it becomes an unprotected 2024 first-rounder. Additionally, if the Senators reach the 2023 Eastern Conference Final, the 2024 second-rounder (via WSH) becomes Ottawa’s 2024 first-rounder, top-10 protected. If that first-rounder ends up being inside the top-10 in that scenario, then the pick becomes a 2025 unprotected first-round pick.
At first glance, this looks like an extremely palatable price for the Senators to pay to acquire a top-pairing defenseman. Mattias Ekholm was recently traded for a first-rounder and a prospect who was recently drafted in the first round, while the Coyotes only managed to pry away one first-round pick in exchange for Chychrun. But as more and more contending teams interested in acquiring defensemen opted for other options (such as the Los Angeles Kings, who acquired Vladislav Gavrikov last night, or the Oilers, who got Ekholm) the market may have begun to shift into one more favorable to a buyer.